Avalanche price analysis (Bullish) — 19.64 USDT (+1.66% 24h)

AVAX is showing resilience in today’s session, trading at $19.64 with a modest 1.66% gain over the past 24 hours. The current price sits just above both the 20-day SMA ($19.59) and 50-day SMA ($19.50), indicating potential support consolidation. With RSI at 55.77, AVAX remains in neutral territory with room for upward momentum before hitting overbought conditions. The $26.6 million trading volume suggests decent participation, though not explosive. Traders should watch for a sustained break above $20.00, which could trigger a move toward $21.50 resistance. The 3.44% volatility reading indicates typical crypto market swings. Position traders might consider accumulating on dips toward the $19.50 support zone, while short-term traders could play the range between $19.20 and $20.20. Always use proper risk management given crypto’s inherent volatility.